Mueller Industries (MEX:MLI) Operating Income: MXN18,270 Mil (TTM As of Jun. 2026)

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MEX:MLI Mueller Industries Inc MEX:MLI
91 GF Score
Price MXN1,175.00
GF Value MXN734.11
! 3 Warning Signs
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What is Mueller Industries Operating Income?

Mueller Industries MEX:MLI 91 Operating Income is MXN18,270 Mil as of Jun. 2026. GuruFocus rates MEX:MLI with a GF Score™ of 91/100 and a GF Value™ of MXN734.11. The stock has 3 warning signs investors should review.

Mueller Industries's Operating Income for the three months ended in Jun. 2026 was MXN5,412 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was MXN18,270 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mueller Industries's Operating Income for the three months ended in Jun. 2026 was MXN5,412 Mil. Mueller Industries's Revenue for the three months ended in Jun. 2026 was MXN24,916 Mil. Therefore, Mueller Industries's Operating Margin % for the quarter that ended in Jun. 2026 was 21.72%.

Good Sign:

Mueller Industries Inc operating margin is expanding. Margin expansion is usually a good sign.

Mueller Industries's 5-Year average Growth Rate for Operating Margin % was 15.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mueller Industries's annualized ROC % for the quarter that ended in Jun. 2026 was 38.34%. Mueller Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 93.49%.


Mueller Industries  (MEX:MLI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mueller Industries's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=21647.996 * ( 1 - 25.4% )/( (40713.329 + 43528.851)/ 2 )
=16149.405016/42121.09
=38.34 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=71091.449 - 5077.503 - ( 25300.617 - max(0, 9003.384 - 48184.096+25300.617))
=40713.329

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=74285.069 - 6048.626 - ( 24707.592 - max(0, 10396.533 - 49647.134+24707.592))
=43528.851

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Mueller Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=22779.32/( ( (9975.113 + max(14022.68, 0)) + (10058.214 + max(14675.429, 0)) )/ 2 )
=22779.32/( ( 23997.793 + 24733.643 )/ 2 )
=22779.32/24365.718
=93.49 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12091.124 + 9835.954 + 956.401) - (5077.503 + 0 + 3783.296)
=14022.68

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13293.852 + 10602.955 + 1042.735) - (6048.626 + 0 + 4215.487)
=14675.429

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Mueller Industries's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=5411.999/24915.828
=21.72 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Mueller Industries Operating Income Related Terms


Mueller Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Mueller Industries's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mueller Industries Operating Income Chart

Mueller Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,223.49 16,951.34 12,525.01 15,900.20 16,080.91

Mueller Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,037.81 4,795.39 3,103.08 4,959.12 5,412.00
MEX:MLI
91GF Score
Mueller Industries Inc MEX:MLI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mueller Industries Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN18,270 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN18,270 Mil mean?
Mueller Industries (MEX:MLI) has a Operating Income of MXN18,270 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mueller Industries and its competitors.
Is Mueller Industries' Operating Income too high?
Mueller Industries' current Operating Income is MXN18,270 Mil. Overall, Mueller Industries has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Mueller Industries' Operating Income compare to CMC and ESAB?
Mueller Industries' Operating Income of MXN18,270 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mueller Industries and its competitors. Mueller Industries's current Operating Income is MXN18,270 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mueller Industries stock overvalued right now?
Mueller Industries (MEX:MLI) has a current Operating Income of MXN18,270 Mil. The stock's GF Value™ is MXN734.11, compared to a current price of MXN1,175.00 — trading 60.1% above its estimated fair value. The current Operating Income is MXN18,270 Mil. Mueller Industries' overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Mueller Industries (MEX:MLI), the current Operating Income is MXN18,270 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mueller Industries (MEX:MLI) Overvalued in 2026?

Based on GuruFocus' analysis, Mueller Industries stock appears to be overvalued. The current stock price of MXN1,175.00 is trading 60.1% above its estimated GF Value™ of MXN734.11.

Key valuation signals for MEX:MLI:

  • Operating Income: MXN18,270 Mil
  • GF Value™: MXN734.11 vs. price of MXN1,175.00 (60.1% above fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the MEX:MLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mueller Industries Business Description

Other Exchanges MLI:USAMUD:Germany
Address 150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Geographically, it operates in USA, UK, Canada, Asia and the Middle East and Mexico.
91GF Score

Get the complete analysis for MEX:MLI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,175.00
Price
MXN734.11
GF Value